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Capping

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clarejep
clarejep Posts: 78 Forumite
Hi I am a low user of gas and electric £18 a month and £15 a month. Is it worth me capping or any other suggestions? With EDF at the moment and looking at changing.

Comments

  • penrhyn
    penrhyn Posts: 15,215 Forumite
    Part of the Furniture Combo Breaker
    My consumption is similar to yours, I'm currently with Ebico, the lowest capped rate is around 25% more expensive so I'm staying put.
    The main reason being that the capped rates are only available for 12 months. Its a gamble, but its cheaper to buy more sweaters and a woolly hat.
    That gum you like is coming back in style.
  • bristolleedsfan
    bristolleedsfan Posts: 12,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    My consumption is approx 400.00 a year electric and 10.00 a year gas. ( im a believer in dressing for the winter weather. :cool: )

    Energyhelpline.com tells me cheapest capped/price freeze tariffs would be 75.00/95.00 a year more than im paying atm hence my belief that for many the best way is to be on the cheapest variable rate tariff and switch suppliers every 2/3 months with 60.00ish cashback each time. ;)
  • hollydays
    hollydays Posts: 19,812 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    But some compnies charge you to change-£30 sometimes
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